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Get Ready to Sell – NOW

Anyone owning a business is usually too busy running and building the business to think about when they will no longer want to or are able to run the business. Some owners act like they will live and work forever. Others just are not interested in talking about anything other than the immediate crisis they are dealing with.

In our seminars we suggest that the time to make plans for selling is when you buy or start a business.

This is good advice for two reasons. First you are prepared in case of a real crisis and second doing the things necessary to prepare for a sale involves doing a better job of running the business and usually makes it more profitable now.

Of course, one of the biggest concerns when it is time to sell is “How much can I get for it?” Simple answer – the better organized and profitable the business is the more we can get you for it.

To really be in good shape to run your company you need to maintain good books and records. If you do this from the start, with your registration records with the Secretary of State as well as your financial bookkeeping systems, you will be off to a good start.

Financials, preferably for three years, are essential! Tax returns for small businesses, compiled financials for small to medium sized businesses, and audited financial statements for large companies are expected by any serious buyer.

If you have employees, keep organized files with records of their initial appointment, a description of their duties, any contracts and any benefit programs you may have for them, as well as complete payroll records.

Depending on the business if you have contracts with customers those need to be up to date and the same with suppliers.

Shareholder agreements, partnership agreements, and other records of the business organization need to be in order.

The biggest issue is having good financial records. Without them buyers will not (and should not!) believe any claims you make about profitability. Neither will a reputable business broker.

If you have done all this, call New Hampshire Business Sales and we can help you decide what the business may sell for and when you are ready, we can get you to market.

If you haven’t done this give us a call to come visit and we can give you advice about how to get ready to have us sell you in the future.

We have finally seen the snow banks melt and the daffodils bloom! In addition to businesses that design, install, and maintain landscapes, we have other businesses for sale that are getting busy with the change of seasons.

Stewart Lamprey, founder of New Hampshire Business Sales Inc., has died at the age of 96. He was well known in state government, serving both as President of the Senate and Speaker of the House of Representatives. He was a veteran who served during WWII.

March certainly came in like a lion and thankfully looks like it is going out like a lamb. What that means to us in New England is pot holes and car repairs! This month we feature a couple of automotive related businesses and in the coming weeks we will be adding more so be sure to check back.

Live Juice, a popular restaurant started by Aryn and Aaron Moore during the early days of the Main Street revitalization overhaul project, has been acquired by Kristen and BG Moore, who plan to continue the healthy choice menu and friendly style of business.

What's on the menu tonight? For many people it's not what they're cooking at home. It's dining at a restaurant, ordering meals to go or stopping off to pick up sandwiches or pizza on the way home. The businesses featured this month are taking advantage of this trend.

It may not seem like the ideal time to be thinking of or looking at landscape / hardscape related businesses but it's actually an ideal time to begin the process and discussions and gathering information.

New Hampshire Business Sales is pleased to announce the sale of the Hampstead Center Market by Phil and Linda Torre and their daughter, Sherry Williams, to Theresa Melisi-Bean and Jean Pokorney of Derry.

With Memorial Day comes the unofficial beginning of summer resulting in a big influx of vacationers and second home owners to New Hampshire. We have some solid business listings that are in areas that greatly benefit from this increased traffic.

Nancy and Ed Adams have sold the Hancock Market on Main Street to Jarvis and Marcia Coffin, owners of the Hancock Inn located across the street from the store, according to New Hampshire Business Sales, which coordinated the transfer.

This is the fifth year in a row that Settino has earned the honor as the company’s top performer in Main Street sales. “…When he gets an opening to sell a business, he leaves no stone unturned to get it sold,”

Willow Pond Sand and Gravel in Newbury, NH was sold by Willow Pond Inc., of Fountain Hills Arizona, to D & E Land Holding, LLC. of Franklin, NH. D & E Land Holding, LLC is continuing operations as Willow Pond Sand and Gravel, LLC and is planning to significantly improve the operation and will open in early spring 2017.

After an unusually active summer season for both listing new businesses for sale and for closing deals, we approach back to school and Labor Day with the traditional summer vacation season coming to a close. We return to routines and schedules. It's now time to get down to business.

Community Living for the Elderly, LLC. a licensed 15-bed residential care facility for the elderly located on 22 Mays Way, has been sold by Miklos Toth and Carol Jaworski to Tamworth Community Living, Inc.

Market activity the first half of 2016 has been strong. Our closings to date have matched our total 2015 numbers. We have and continue to engage a quality selection of listings in a broad spectrum of industries.

Every year, Boomer business founders grow older and want to retire. This means that there is a great opportunity for new Associates to develop their own networks and build their own “book of business” using our history, tools and systems.

Ed Settino, a senior broker associate of New Hampshire Business Sales, has been named Broker of the Year for 2015.This is the fourth year in a row that Settino has earned the honor as the company’s top performer.

For some people buying an existing business is a better option than starting from scratch. Established businesses often have what is needed already in place. The right purchase can get you income on day one.

Assisted living facilities are evolving with the ever increasing needs of an aging population. Demographic trends suggest the need for assisted living facilities will continue for years to come, especially in New Hampshire.

This top-notch hospitality facility is meticulously maintained and offers a blend of quality facilities to meet a diversity of needs. This facility is in a prime location to take advantage of all this four season tourist area has to offer.

Owning a restaurant can be a dream career for the right person. A promising path is to purchase an established business.
There are many profitable ones on the market today, and established businesses often have what is needed already in place – including a functional kitchen, furnishings and more.

Coming back out of the depths of the recession, bankers have been forced to be more conservative than they were in the mid-2000s. But they all have money they need to put to work, so are receptive to well thought out acquisition plans.